Business Industry Reports Automotive Fastener Market Global Trends and Oppor

Automotive Fastener Market Global
Trends and Opportunity Analysis
2018 – 2022
BusinessIndustryReports have new report on “Global Automotive Fastener
Market 2018-2022”. The report provides the newest industry data and
industry future trends. The industry report lists the leading competitors and
provides the insights strategic industry Analysis of the key factors influencing
the market.
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The Fasteners are used in a wide array of applications out of which the automotive industry
is undoubtedly one of the largest segments. The market for fasteners in the automotive
industry seems resilient and is likely to witness a healthy CAGR during the forecast period.
Increasing automobile production across regions, especially in Asia-Pacific and Eastern
Europe and increasing demand for electric and alternative power train vehicles are the
major driving factors of the fasteners market in the automotive industry.
Amongst the segments market for plastic fastener is estimated to have the highest growth
due to the increasing need to reduce vehicle weight. The increasing demand for automobile
weight reduction and fuel efficiency will reduce the use of metals such as stainless steel and
iron and will increase the use of lightweight materials like plastic, which are the growth
drivers for the plastic fastener segment in future.
Key Players:
1 Permanent Technologies, Inc.
2 Phillips screw company
3 Westfield Fasteners Limited
4 com Inc.